Bitcoin / Dollar intraday: the upside prevails as long as 16600 is support
Our pivot point is at 16600.
Our preference:
The upside prevails as long as 16600 is support.
Alternative scenario:
The downside breakout of 16600 would call for 16390 and 16260.
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 16723 and 16730).
